BTC just broke above the bearish OTE zone from the major retracement between 109K and 74K, confirming a strong bullish breakout.
📈 This aggressive move has shifted the market structure firmly to the upside, with momentum clearly in favor of buyers.
🔎 If we extend the Fibonacci levels from this breakout, the next major targets could be around the 130K region and potentially higher, assuming the current momentum holds.
💥 This breakout also indicates that liquidity has been reclaimed without a deep pullback, suggesting that buyers are confidently stepping in without waiting for lower prices.
⚠️ Key observations:
No significant liquidity sweep below recent lows before the breakout – a sign of aggressive buying.
Strong rejection of the FVG 4H, now acting as support if retested.
Clear break of the bearish OTE, removing a major supply level from the market structure.
👉 As long as the price holds above 100K, the path to 130K+ seems increasingly likely, with minimal resistance in the way.
📈 This aggressive move has shifted the market structure firmly to the upside, with momentum clearly in favor of buyers.
🔎 If we extend the Fibonacci levels from this breakout, the next major targets could be around the 130K region and potentially higher, assuming the current momentum holds.
💥 This breakout also indicates that liquidity has been reclaimed without a deep pullback, suggesting that buyers are confidently stepping in without waiting for lower prices.
⚠️ Key observations:
No significant liquidity sweep below recent lows before the breakout – a sign of aggressive buying.
Strong rejection of the FVG 4H, now acting as support if retested.
Clear break of the bearish OTE, removing a major supply level from the market structure.
👉 As long as the price holds above 100K, the path to 130K+ seems increasingly likely, with minimal resistance in the way.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.